Santos LTD

In attendance were UNITECH Alumni now working at Santos in Engineering to Surveying and Land Studies. The members of staff included Willie Arthur, Joyce Wereh, Angelyn Piso and Robert Igunga. They are seen here with UNITECH Vice Chancellor, Associate Professor Dr Ora Renagi OL, at the Stanley Hotel & Suites, Port Moresby. 

Santos is proud of all its employees and is committed to building a highly skilled workforce through such partnerships with Papua New Guinean universities.

The ICCC has formally announced this to key stakeholders, the public and participants in the oil and gas industry, that it has received an Authorization Application from Santos Ltd, an Australian energy company.

The Authorization Application is consistent with section 82 of the ICCC Act 2002, for business, mergers and acquisition. This process allows a business to seek approval from the ICCC before proceeding with any business mergers and acquisitions that would otherwise raise serious concerns.

If Santos' proposed takeover of Oil Search goes ahead, the Australian newspaper reported on Friday.

Marape met with Santos CEO Kevin Gallagher and Oil Search CEO Peter Fredericson in Port Moresby on Wednesday to discuss the deal, which the government has said must meet the national interest.

The newspaper, citing unnamed sources, said the cash-strapped Papua New Guinea government, which needs to give permission for the takeover to proceed, would expect to acquire a stake for a low price or potentially via a loan.